The financial technology (fintech) ecosystem is growing at a rapid speed. As of 2021, the US and the EMEA region (Europe, the Middle East, and Africa) have 10,755 and 9,323 fintech startups, respectively. Financial institutions and banks are partnering with new fintech companies to improve their processes every day. But partnerships with well-established institutions also…
Every company faces a variety of unique information security challenges. To answer these challenges, ISO 27001, one of the world’s most popular information security standards, was created. Formally known as ISO/IEC 27001:2005, it is an information security management system or ISMS. It provides a framework of procedures and policies which include the legal, physical, and…
With the ever-growing threat of data breaches and cyberattacks, security is something organizations must take very seriously. Compliance certifications are one of the best ways to communicate to clients and stakeholders that there are processes and controls in place in order to securely manage their data and ensure privacy. One of the most well-known types…
There is an old adage that the customer is always right. Unfortunately, at Flugel.it, we’ve learned this is not always the case. Recently, one of our clients came to us and said that security was unnecessary because they do not store customer or client data. For us, this was shocking to hear. Our client couldn’t…
Companies often dread their compliance audits. It’s very common to see companies rush through the endeavor of documenting policies and processes. In a rush to get it done, they may get through the audit but cause new problems for themselves. For some compliance audits, it’s enough to show you have the processes in place. However,…
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